CONSTRUCTION IN PROGRESS SUMMARY

In Progress (in Millions) 2007

COMPANY Dec 2006 JAN FEB MAR APR MAY JUNE JUL AUG
PBI 45 38 43 56 58 68 74 78 82
PBI (LEASED) 160 132 138 138 139 139 139 124 124
PBI TOTAL 205 170 181 194 197 207 213 202 206
PRI 15 17 18 16 17 19 33 37 44
RTI 1 1 1 1 1 2 2 2 2
GRAND TOTAL 221 188 200 211 215 228 248 241 252
RAMCAR TECHNOLOGY, INC
CONSTRUCTION IN PROGRESS AS OF AUGUST 31, 2007

ASSET NO CC CC DESCRIPTION
190000 133000 OFFICE OF THE VP
190001 6/29/2006 CER 06-008 TEST KITCHEN FOR FOOD EQUIPMT-KFC & MD
190002 134402 PUNCHING
190005 134100 MOLD SHOP
190008 133400 MAINTENANCE
190010 134100 MOLD SHOP
S OF AUGUST 31, 2007

PROJECT DESCRIPTION COST

CRANE RAILS AND BUSBAR 886,363.64
MACHINE BUILDING 94,595.45
RTI CER # 06-027 STRIPPIT CNC TURRET FC1000 III 23,417.18
CER 06-017 5 TON OVER HEAD CRANE FOR MOLD SECTION 415,000.00
CER#07-006 LOW PRESSURE FIRE HYDRANT SYSTEM 92,727.91
CER#07-004 ROCKLINIZER MACHINE 309,678.80
Grand Total 1,821,782.98
PHILIPPINE RECYCLERS, INC
CONSTRUCTION IN PROGRESS AS OF AUGUST 31, 2007

ASSET NO CC CC DESCRIPTION CAP DATE PROJECT DESCRIPTION COST STATUS

190089 123300 MAINTENANCE ### DEEPWELL # 4 (MARGREEN) CER# 04-060 2,285,817.89 FOR SETTLE
190212 123300 MAINTENANCE ### CER#06-049 REPLACEMENT OF DEEPWELL#2 188,483.92 ON-GOING
190213 123301 ENVIRONMENTAL OPERAT ### CER#06-020 PROCUREMENT&INST'N OF 100GPM WWT SETUP 3,212,823.20 ON-GOING
190219 123301 ENVIRONMENTAL OPERAT ### CER#06-033 FLUE DUST SLURRY PREPARATION 125,277.99 ON-GOING
190231 123301 ENVIRONMENTAL OPERAT ### CER#07-014 REDESIGN OF FURNACE GAS HANDLING SYSTEM 372,880.34
190142 123302 HEALTH & SAFETY ### RESTORATION OF SLAG CONTAINMENT CER# PRI 05-019 1,465,790.85 FOR SETTLE
190221 123302 HEALTH & SAFETY CER#07-006 MOBILE FIRE PUMP 750,000.00 FOR SETTLE
190141 123400 TECHNICAL DEPARTMENT ### PRI REFINING REACTOR MODOFICATIONS 996,683.35 FOR SETTLE
190233 123402 QUALITY ASSURANCE ### CER#07-023 WATERBATH FOR ENVI&PROCESS SAMPLES 80,357.14 FOR SETTLE
190215 124000 RECOVERY - MA 41 ### CER#07-001 2007 4x100% PLAN GRID PREPARATION PRJCT 1,137,857.63 ON-GOING
190216 124000 RECOVERY - MA 41 ### CER#07-007 SULFUR ANALYSIS AUTOMATION 1,832,462.34 ON-GOING
190217 124000 RECOVERY - MA 41 ### CER#07-002 4X100 PLAN 3-EXSTNG FILTER PRES RLCTION 1,998,231.04 ON-GOING
190225 124001 PLASTIC RECOVERY SYSTEM CER#07-012 SPARE TECNOFER GRINDER ASSEMBLY 101,268.05 ON-GOING
190136 124100 SMELTING BLAST ### CER# 04-083 INSTALLATION OF TRUCK SCALE AT 404,545.45 FOR SETTLE
190224 124100 SMELTING BLAST ### CER#07-011 BLAST FEED PREPARATION (PELLETIZING) 114,432.29 ON-GOING
190234 124100 SMELTING BLAST CER#07-008 BLAST FEEDER 281,035.72 ON-GOING
190135 124101 SMELTING REVERB ### MACHINERY & EQUIPMENT 64,010.00
190137 124101 SMELTING REVERB ### CER 04-143 BRICKS FOR REVERB (REBRICKING) 1,891,955.24
190214 124101 SMELTING REVERB ### CER 06-044 MAJOR REBRICKING OF REVERB FURNACE 18,327,223.08 ON-GOING
190220 124101 SMELTING REVERB ### CER#07-003 HEAT RECOVERY PROJECT 774,798.79 ON-GOING
190091 124200 REFINING ### 2 UNITS REFINING KETTLE (MARGREEN) 6,098,849.88 FOR SETTLE
190092 124200 REFINING ### CIVIL WORKS FOR FOR 2 UNITS 90MT KETTLE 956,507.90
190228 124200 REFINING ### CER#07-016 5 UNITS MECHANICAL SKIMMER 456,385.44 ON-GOING
Grand Total 43,917,677.53
PHILIPPINE BATTERIES, INC.
CONSTRUCTION IN PROGRESS AS OF AUGUST 31, 2007
UNDER LEASED ASSETS OF PRI

ASSET NO CC PROJECT DESCRIPTION COST

190011 104200 PBI03-092/PRI03-021 ACQ INJ MOULD MACHINE AND AUX 17,594.02
190020 104012 PBI03-160/PRI03-046 SUPERMARKET-CHARGING EQPT COST 676,799.13
190021 104012 PBI03-162/PRI03-048 SUPRMRKET-FINSHNG EQPT INSTALL 212,496.06
190022 104012 PBI03-163/PRI03-049 SUPERMARKET CIVIL WORKS 1,771,586.03
190024 104012 PBI03-165/PRI03-051 SUPERMARKET- ACID PROOFING 828,176.41
190029 PBI03-139/PRI03-053 ELECTRICAL ENGR CONSULTANT 8,605.07
190042 104201 PBI03-073/PRI03-067 G31-4COVER FABRICATION 1,880,016.55
190054 ELS PBI CER04-056 PROJECT 403-G8MF:8 TRUCK MF 3,997,935.22
190058 104301 PBI04-047 PURCHASE OF 2 UNITS GRID MOLD 498,504.08
190061 104201 PBI04-068 Project 441- G27D: G27r1 Conversion N70 66,483.30
190063 WET/PLASTICS
CER04-077 PROJECT 404-G4DMF:4D TRUCK MF 41,406.00
190066 104012 PBI04-003 SUPERMARKET PROJECT- TRUCK WATER FORM 5,717,768.58
190067 104004 CER04-079 Demi Water System Sulfuric Acid PlanT 229,553.67
190071 104203 PBI04-083 Project 444-G27S2: G27 2nd Set SMPPTooL 39,045.78
190072 PMF CER04-085 FIRE HYDRANTS FOR PBI AND FACILITIES 562,787.00
190073 104009 CER04-086 MCB ASSEMBLY CAPACITY EXPANSION 2,752,586.07
190074 104004 CER04-087 TBS PODVENT SEALER MACHINE TOOLINGS 897,683.54
190075 104004 PBI04-088 TBS ( B20/MF43/AU46) 304,374.74
190078 104004 PBI04-110 WASH DOWN WEIGHING SCALE(SUPERMARKET) 49,090.91
190097 104202 PBI04-103 PROJECT407-NS50 R2:SC CLASSIC UPGRADE 304,657.33
190103 104201 PRI04-132 IN-HOUSE PRDN SUB-CONTRACTED PLASTIC 41,136,752.78
190105 104004 PBI03-094/PRI03-018 AUTO PDVENT SLER (BATT SUPMRKT 27,439,947.08
190107 104204/104200/104201/104202
PBI04-104 PROJECT 405-G24DL TMF:4DLT TRUCK MF 6,939,134.47
190108 104203/104200/104201/104206
PBI04-130 PROJECT 433-GU1:UI MOWER AND WHEELCHAIR 5,096,778.66
190111 104304 PBI04-127 IN HOUSE FABRTN 300 PCS FORMATION TANKS 7,282,953.11
190113 103403 CER#05-016 LIFE CYCLE TESTER (24 CIRCUITS) 85,828.00
190121 103204 CER04-156 L&M for Repair ROCLA Truck of Logistics 424,254.16
190122 103403 CER#05-009 2U TEMPERATURE CONTROLLED WATERBATHS 361,029.71
190124 104012 CER #05-055 Cooling water elevated tank 208,690.84
190125 ELS CER04-159 PROJECT 413-N87R2:SC CLASSIC UPGRADE 1,876,694.45
190127 104008 CER 05-053 AB ASSEMBLY DIGITAL LEAK TESTER 776,385.98
190129 EAGLE RED LEAD OXIDE FURNACE, MODEL RL-3000 138,431.37
190131 104012 CER04-140 PODVENT SEALER TOOLINGS-SUPERMARKET 457,805.88
190144 129921 CER#05-086 FABRICATION OF BUSH B20 BUSHING MOLD 409,722.21
190157 104012 CER04-141 PODVENT SEALER TOOLINGS-SUPERMARKET 345,820.17
190158 104000 CER 05-066 FABR OF LOWER ROLLER FOR ROLLING MILL 636,363.64
190160 SMPP CER#05-005 MCB YB3L/YB4L/YB5L MOLDS 1,740,221.82
190161 PBI04-096(A) PROJECT403-G8DMF:8D TRUCK MF 508,000.00
190164 SMPP CER#05-021 CS12N9-3B MCB PUNCHER 310,277.78
190166 104202 CER#05-021 CS6N4-4D MCB PUNCHER 287,299.25
190174 104207 CER 05-078 KFC TUMBLER PROJECT 1,513,995.07
190177 103402 CER#05-015 12U RESERVE CAPACITY TESTERS 1,796,793.60
190199 104206 CER 05-067 FABR OF KCS10 MANUAL CASTING MACHINE 629,861.11
190204 103403 CER05-104 LIFE CYCLE TESTER, 0-200A DISCHARGE CUR 746,196.25
190206 103403 CER#05-016 LIFE CYCLE TESTER (24 CIRCUITS) 2,065,280.00
Grand Total ###
 REMARKS

OK to settle/awaiting advise from RTI

OK to settle/awaiting advise from RTI

OK to settle/awaiting advise from RTI

??? (no copy of CER)

OK to settle/awaiting advise from RTI

OK to settle/awaiting advise from RTI

??? w/ pending on bushing

OK to settle/awaiting advise from RTI

OK to settle/awaiting advise from RTI
PHILIPPINE BATTERIES, INC.
NOT INCLUDED PROJECTS

ASSET NO CC CER#
104202 05-058
700261 104202 05-074
700258 104202 05-076
700223 104202 05-027
190144 104206 05-086
190175 104206 06-095
190171 104201 06-101
190153 104206 06-079
190182 104201 05-034
 PROJECT DESCRIPTION COST REMARKS
Fabrication of MCB Terminal Post and Lugpost (Replacement) CIP
Fabrication of SP120 Back-up Mold CIP
Fabrication of LD6N4-4D MCB Cover Replacement CIP
Fabrication of LD12N12-3B MCB Cover Replacement OK to settle
Fabrication of BUSHB20 Bushing Mold OK to settle
R&D Sinker Mold CIP
D31 and D26 Locking Plug Podvent Conversion to CP OK to settle
BUSHG31R3 Mold 2 Conversion OK to settle
N50R2 (Supercharge Classic Upgrade) CIP
PHILIPPINE BATTERIES, INC.
CONSTRUCTION IN PROGRESS AS OF AUGUST 31, 2007

ASSET NO CC CC DESCRIPTION PROJECT DESCRIPTION COST REMARKS

190001 103000 OFF OF GEN MANAGER DORMITORY 6,462,359.92
190023 103000 OFF OF GEN MANAGER OTHR-8 SEPARATOR ( DREYERS ) 255.23
190080 103000 OFF OF GEN MANAGER CER03-118 E&M Consulting Servs (08/1/03-7/31/04) 106,659.59
190090 103000 OFF OF GEN MANAGER CER04-136 PBI PLANT CONCRETE PERIMETER FENCE 2,817,332.36
190096 103000 OFF OF GEN MANAGER CER04-161 PBI ADMINISTRATIVE BLDG 64,000.00
190103 103000 OFF OF GEN MANAGER CER 05-214 PBI ADMINISTRATION BUILDING 17,295,748.23
190527 103000 OFF OF GEN MANAGER CER#07-043 X-MET ROTARY DRUM PASTE MACHINE (#109) 331,223.53
190701 103000 OFF OF GEN MANAGER CER#07-043 CONSULTING SERVCES OF MR.G.MULLIS 4,242,638.07
103000 Total 31,320,216.93
190123 103201 PMPS CER 05-062 F51MF (TRUCKLINE) MOLD & TOOLINGS 3,735,576.15
190148 103201 PMPS CER#06-070 PROJECT 614: VPCP70R2 464,344.54
103201 Total 4,199,920.69
190089 103300 PLANT MAINTENANCE CER04-076 STAM NETWORK EXPANSION-PBI TO RTI BLDG 226,071.43
190106 103300 PLANT MAINTENANCE CER03-001 L&M FOR CAPACITOR BANK #4 119,517.00
190164 103300 PLANT MAINTENANCE CER#06-088 ADDT'L AIR DRYER for COMPRESSED AIR 807,566.95
103300 Total 1,153,155.38
190177 103500 PLASTIC CER#06-111 PVC WASTE RECYCLING - R&D PROJECT 19,083.79
103500 Total 19,083.79
190039 103600 QA LAB/CALIBRATION CER02-114 PROCUREMENT OF LEAD ALLOYS CERTIFIED 79.84
190102 103600 QA LAB/CALIBRATION HOT PLATE DRIER 2,199.00
190149 103600 QA LAB/CALIBRATION CER#06-073 ANALYTICAL BALANCE 93,750.00
190174 103600 QA LAB/CALIBRATION CER#06-109 THERMOLYNE HOT PLATE 2,000.00
103600 Total 98,028.84
190112 103606 ENVIRONMENTAL MNGT CER 06-035 ROOFING PROJECT WWTP 401,785.71
190169 103606 ENVIRONMENTAL MNGT CER#06-104 SPARE WWTP EQUIPMENT 78,000.00
190170 103606 ENVIRONMENTAL MNGT CER#06-103 INTEGRATED WASTE BUILDING 1,400,002.85
103606 Total 1,879,788.56
190086 104001 OXIDE MILL - WET CER04-018 RTI-PENARROYA (OXIDE MILL) 2,456,529.92
190087 104001 OXIDE MILL - WET CER04-019 PENOX SA LEAD OXIDE 2,181,856.43
104001 Total 4,638,386.35
190006 104002 PASTING - EXPANDED SIEMENS SIMOVERT CER#00-024 6,439.29
104002 Total 6,439.29
190196 104004 DEMI WATER CER#07-016 1 UNIT DIAPHRAGM PUMP,P800 ALL PLASTIC 568,698.50
104004 Total 568,698.50
190160 104006 ELECT BOTTLING EXTENSION OF ELECTROLYTE BUILDING 7,176.40
104006 Total 7,176.40
190005 104008 PP ASSEMBLY REF DWG BA-00007 30,650.45
190066 104008 PP ASSEMBLY CER 03-037 FABRN OF NEW TBS MOLD FOR D23 SUPCHA 466,736.07
190072 104008 PP ASSEMBLY CER03-076 FABRN OF 9 UNITS HYDRAULIC SCISSORS LIFT 2,026,354.04
190074 104008 PP ASSEMBLY CER03-068 COS JIG BOX 4PCS DIN BATTERIES 1,192,734.28
190075 104008 PP ASSEMBLY CER 03-079 Fabn TBC OCS mould and platen for GC2-8 242,921.00
190088 104008 PP ASSEMBLY CER04-024 NS60 TOOLING (MOLDS/LEAK/JIG BOX ) 873,857.44
190095 104008 PP ASSEMBLY G27 ASSY TOOLINGS CER077 69,441.40
190132 104008 PP ASSEMBLY CER 06-059 N40 COS MOLD 224,000.00
190146 104008 PP ASSEMBLY CER#06-061 N50 DC COS MOLD 102,494.01
190147 104008 PP ASSEMBLY CER#06-062 N70 DC COS MOLD 119,061.77
190154 104008 PP ASSEMBLY CER 05-060 FABR OF REVERSE POLARITY/ HI VOLTAGE 2,078,385.90
190189 104008 PP ASSEMBLY CER#07-007 MACHINES REHAB, FAB'N OF IC & TP MOLD 308,470.00
190198 104008 PP ASSEMBLY CER#07-020 FABR'N OF N40 & NS40 DC COS MOLDS 225,695.34
190203 104008 PP ASSEMBLY CER#07-025 FABRN OF 2 SETS N70 JIG BOX 312,298.63
190204 104008 PP ASSEMBLY CER#07-026 FABRN GELCO ENVELPING MCHNE FOR LINE 7 1,408,380.84
190703 104008 PP ASSEMBLY CER#07-044 INST'N OF AGM ASSY&CHARGING LINES 2,096,384.00
104008 Total 11,777,865.17
190121 104009 MCB ASSEMBLY CER 06-044 COMB & DAM 5 SETS 92,904.00
190163 104009 MCB ASSEMBLY CER#06-086 MCBMF CAPACITY EXPANSION 36,343.06
104009 Total 129,247.06
190124 104012 WET FINISHED CER 05-081 FABR OF AU53 TOOLINGS FOR TBS PODVENT 362,284.52
190125 104012 WET FINISHED CER 05-081 FABR OF G31 TOOLINGS FOR TBS PODVENT 388,370.30
190126 104012 WET FINISHED CER 05-081 FABR OF B24 TOOLINGS FOR TBS PODVENT 217,421.97
190127 104012 WET FINISHED CER 05-082 FABR OF AU46 TOOLINGS FOR TBS PODVENT 318,912.76
190128 104012 WET FINISHED CER 05-082 FABR OF B20 TOOLINGS FOR TBS PODVENT 196,961.85
190129 104012 WET FINISHED CER 05-082 FABR OF MF43 TOOLINGS FOR TBS PODVENT 323,134.04
190156 104012 WET FINISHED CER#06-081 CENTRALIZED UPS FOR FORMATION RECTIFIER 299,990.00
104012 Total 2,107,075.44
190182 104100 SULFURIC ACID PLANT CER#07-006 ACID TANK FARM PIPING REPAIRS 2,377,822.75
104100 Total 2,377,822.75
190008 104200 CONTAINER INJECTION MEIKI 350 MACHINE (1) CER#00-045 100,188.00 For closing
190076 104200 CONTAINER INJECTION CER03-070 FABRICATION OF N150 CONT FEMALE MOULD 61,058.00 OK to settle/awaiting RTI's advise
190110 104200 CONTAINER INJECTION CER 06-030 CSB24R3 CONTAINER MOLD 2,288,754.47
190120 104200 CONTAINER INJECTION CER 06-043 CSD26 CONTAINER MOLD 2,979,733.75
190122 104200 CONTAINER INJECTION CER 06-018 G24 CONTAINER MOLD 1,747,973.80
190172 104200 CONTAINER INJECTION CER03-072 Fabrn of G31 Container ( CSG31 ) 1 Cav 3,598,000.00
190211 104200 CONTAINER INJECTION CER#07-031 TEMPERATURE CONTROLLES FOR B24&D26 TWIN 881,000.00
190212 104200 CONTAINER INJECTION CER#07-032 FABRN OF D23 CONTR MOLD (REPLCEMNT MOLD) 671,801.05
190213 104200 CONTAINER INJECTION CER#07-033 PUMP SET FOR TOSHIBA 650T INJ. MACHINE 259,274.30
190721 104200 CONTAINER INJECTION CER2007-0100 Revision of CSG75 Container Mold 43,000.00
104200 Total 12,630,783.37
190079 104201 COVER INJECTION CER03-096 Fabrication of N70/D23/D26/D31/N70 1,112,740.40
190109 104201 COVER INJECTION CER 06-031 B24R3 COVER INJECTION MOLD 710,465.42
190111 104201 COVER INJECTION CER 06-032 LDBB24R3 COVER MOLD 205,319.52
190119 104201 COVER INJECTION CER 06-041 LDN150 SINGLE PIECE COVER MOLD 287,732.16
190133 104201 COVER INJECTION CER 06-060 LD120 SINGLE PIECE COVER FOR CONTR MOLD 313,401.08
190167 104201 COVER INJECTION CER#06-106 LDM/N70 COVER MOLD 2 CAVS (REPLCEMENT) 399,352.68
190185 104201 COVER INJECTION CER03-028 FAB OF POST THIMBLE/PROTECTOR 8 CAV 441,000.00
190206 104201 COVER INJECTION CER#07-019 FABRN OF TUV VIBRATION PART-8CAV MOLD 270,082.92
190210 104201 COVER INJECTION CER#07-030 PUMP&MODULAR VALVE FOR 650T INJ. MCHNE 167,320.03
190710 104201 COVER INJECTION CER2007-008 LDNN50R2-REV.VENT WELL SLIT-1PC 2,247.70
190711 104201 COVER INJECTION CER2007-008 LDNN70R2-REV.VENT WELL SLIT-1PC 1,518.92
104201 Total 3,911,180.83
190107 104203 SEALING CER 06-028 B24R3 HEAT SEALER 625,000.00
190108 104203 SEALING CER 06-028 B24R3 LEAK TESTER TOOLING 18,858.76
190009 104203 SEALING OLD LEKO DOUBLE TOOLING FROM PLC 358,986.58
190114 104203 SEALING CER 06-039 G31R4 HEAT TESTER 201,444.44
190115 104203 SEALING CER 06-039 G31R4 LEAK TESTER 43,055.56 For closing
190190 104203 SEALING CER#07-008 GP Truck Type Sealing: 4D/N150/8D Type 360,096.77
104203 Total 1,607,442.11
190134 104204 PUNCHING CER 06-054 TBS ACCESSORIES FOR TRUCK TYPE CONTR 32,000.00
104204 Total 32,000.00
190144 104206 BUSHING CASTING CER 03-080Fabn Semi-Auto Opertn of G31 Bushin Mld 3,942.40
190155 104206 BUSHING CASTING CER#06-080 BUSHFHP MOLD#1 REVISION 197,473.46 OK to settle/awaiting RTI's advise
190176 104206 BUSHING CASTING CER#06-112 BUSHNS51 BUSHING CASTING MOLD 95,752.93
190719 104206 BUSHING CASTING CER2007-0100 Revision of BUSHSIDETERM MOLD1 10,000.00
104206 Total 307,168.79
190113 104207 FOOD INJECTION CER 06-036 KFC LID MOLD # 2 669,875.73
104207 Total 669,875.73
190050 104301 GRID CASTING CER02-177 10 sets dahua Grid Molds (Project Drey) 404,484.39
190145 104301 GRID CASTING CER#06-075 1 UNIT GRID MOLD FOR CENTURY BATT REQ. 192,078.57
190157 104301 GRID CASTING CER#06-084 1 UNIT TRIM DIE CUTTER (MF4 / MF5) 208,714.61
190158 104301 GRID CASTING CER#06-083 2 UNITS OF GRID MOLDS 348,706.12
190161 104301 GRID CASTING CER#06-087 ORS50 GRID MOLD 4 CENTURY BATT REQTS 220,373.23
190179 104301 GRID CASTING CER#07-002 1 UNIT CGORS40 MOLD (WM#92-103) 212,192.03
190180 104301 GRID CASTING CER#07-002 1 UNIT CGORS55 MOLD (WM#92-322) 212,192.52
190181 104301 GRID CASTING CER#07-002 1 UNIT CGORS50 MOLD (WM#99-528) 217,315.44
104301 Total 2,016,056.91
190118 104302 OXIDE MILL - DRY CER 06-042 BALOX LEAD FLOW CONTROL VALVE 143,506.39
190205 104302 OXIDE MILL - DRY CER#07-028 1 UNIT BALOX REACTOR POT 29,488.90
104302 Total 172,995.29
190150 104304 PLATES FORMATION CER#06-074 EXHAUST DUCTS &FLOORING SERIES#6 235,951.75
190187 104304 PLATES FORMATION CER#07-003 REHAB DUCTS&FLOORING@FORMATION#8 AREA 74,290.60
190188 104304 PLATES FORMATION CER#07-004 REHAB DUCTS&FLOORING@FORMATION#7AREA 104,906.90

104304 Total 415,149.25

Grand Total 82,045,557.43